Chalmers does little to stop capital gains tax debate as budget looms
Seven years ago, proposed changes to CGT and negative gearing were named as part of the reason Labor lost the unlosable election. Times have changed.
www.abc.net.auwas seen at the discussions on CGT changes, as a potential step; reports indicate talks include adjusting the CGT discount, with inflation-based approach and varying rules for new versus existing properties that could impact investors and housing supply. Another outlet says the government is studying CGT changes prior to the budget, facing pressure from Greens, unions, and economists. These items reflect debate and proposals, not enacted law, as of the cited reporting. Chalmers described the legislation as the first step in a comprehensive tax reform plan.